Sara Feigenholtz
- Democratic
- Senator
- District 6
Primary
Amends the Property Tax Code. Provides for a reduction in the assessed value of newly-constructed or rehabilitated rental property if the owner of the residential real property commits that, for a period of 10 years, at least 15% of the multifamily building's units will have rents that are at or below maximum rents and are occupied by households with household incomes at or below maximum income limits. Provides that the chief county assessment officer of a county with 3,000,000 or more inhabitants shall establish such a program. Sets forth application requirements and the amount of the reduction. Effective immediately.
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Added as Co-Sponsor Sen. John F. Curran
Added as Co-Sponsor Sen. Ram Villivalam
Added as Chief Co-Sponsor Sen. Mattie Hunter
Added as Chief Co-Sponsor Sen. Iris Y. Martinez
Filed with Secretary by Sen. Sara Feigenholtz
Referred to Assignments
First Reading
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